1-5/32 Paxton Street
Malvern East

With value underpinned by an outstanding location in a quiet tree-lined street close to Central Park, moments from Central Park and local cafes, Hedgeley Dene Gardens; with easy access to several of Melbourne's finest schools, Chadstone, CityLink/CBD plus shopping and transport options. This boutique size block of five apartments has been not been updated for some time and now requires a total makeover to all the interiors and surrounding garden areas. Or alternatively presents an exceptional opportunity to demolish the existing building and redevelop on the 780sqm site with the option of new apartments, a luxurious home or town residences (STCA). The original five apartments with ground and first floor configuration comprised entrance hall, the option of living and dining rooms or kitchen/meals, two bedrooms, bathroom/laundry, kitchen and covered off-street parking. This represents a rare opportunity to purchase such a large landholding in a prime residential lifestyle location with the capability to strata the block delivering outstanding capital growth prospects and/or income potential.

Land size: 780sqm/8,393sqft approx.